Moneycontrol
Oct 17, 2016 03:23 PM IST | Source: Moneycontrol.com

Silver to trade in 41252-42452 range: Achiievers Equities

According to Achiievers Equities,Silver prices dropped with market participants seeing further downside for the precious metal in the near-term amid US dollar strength.

Achiievers Equities report on Silver

Silver

Silver trading range for the day is 41252-42452.  

Silver prices dropped with market participants seeing further downside for the precious  metal in the near-term amid US dollar strength.  

U.S. retail sales rebounded 0.6 percent in September while producer prices also rose  broadly to record their biggest year-on-year increase since December 2014.  

Holdings at ishares silver trust gained by 0.32% i.e. 35.42 tonnes to 11268.35 tonnes  from 11232.93 tonnes.  

SELL SILVER DEC 42200 SL 42500 TGT 41850-41500.MCX.  

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